To help offset the cost of tuition, you have the option of applying for a Federal Direct Unsubsidized Stafford Loan. The interest rate of the Unsubsidized Loan is 5.31% and accrues while you are in school. These loans require Entrance Loan Counseling and a Master Promissory Note (MPN) for all first time borrowers and Exit Loan Counseling for all borrowers who are graduating, not returning to Emmanuel, or have dropped below at least a half-time enrollment status.To apply for a student loan, you are required to complete the Free Application for Federal Student Aid (FAFSA). Please use the Milligan College school code, 003511. Read more important information about the FAFSA here »
Your loan funds will be received by the school via electronic funds transfer (EFT). Stafford loans are disbursed in two equal disbursements for the MDiv and MAR and four disbursements for the MACM, for the academic year. You will receive a Financial Aid Offer before the beginning of the academic year which will indicate the amount of institutional funds and unsubsidized loan funds for which you qualify; however, you can reduce or reject the student loan by indicating such when the Offer is returned.
For questions and more information about federal loans, contact your Student Financial Services Counselor.
Payment Options
Emmanuel also offers a payment plan which will allow you to make payments for the remaining balance of your tuition during the semester while ensuring that the balance is paid before the next semester begins.
OPTION 1 – PAY IN FULL PRIOR TO THE FIRST DAY OF CLASS
With this plan, all outstanding charges for the semester are paid on or before the first day of class. Payments may be made via cash, check, Visa, MasterCard, American Express, or Discover. For your convenience, you may pay online through Self Service, where you can view your account, print and view statements, make a payment online, and view a history of all payments on your account. By using your MC Self Service ID and password, you will have access to your online statement and current activity on your account. Payments and charges will be reflected immediately and you will have 24/7 access to your most recent bill.
PAY ONLINE »
OPTION 2 – TUITION PAYMENT PLAN
Milligan offers an interest free payment plan that allows you to spread your tuition costs over nine or ten months if you cannot afford to pay tuition in a lump sum or to finance the difference between costs and financial aid. This plan can be used in conjunction with a Federal PLUS Loan and/or Alternative Loan to assist students and families in managing their educational debt. The payment plan enrollment fee for students enrolled in fall/ spring semesters is $75 for the academic year, $40 for spring semester only. You must enroll by the first day of classes. Click here for instructions on setting up the payment plan »
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